Beijing Beimo High Tech Frictional Material Co (SZSE:002985) ROCE % : 12.10% (As of Mar. 2024)

View and export this data going back to 2020. Start your Free Trial

What is Beijing Beimo High Tech Frictional Material Co ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Beijing Beimo High Tech Frictional Material Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 12.10%.

Beijing Beimo High Tech Frictional Material Co ROCE % Historical Data

The historical data trend for Beijing Beimo High Tech Frictional Material Co's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Beijing Beimo High Tech Frictional Material Co ROCE % Chart

Beijing Beimo High Tech Frictional Material Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

25.46

22.94

26.93

14.49

7.75

Beijing Beimo High Tech Frictional Material Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															21.00	14.07	12.89	-16.87	12.10

Beijing Beimo High Tech Frictional Material Co ROCE % Calculation

Beijing Beimo High Tech Frictional Material Co's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	294.545	/	( ( (4189.825 - 517.194)	+	(4575.915 - 652.125) )	/ 2 )
	=	294.545	/	( (3672.631	+	3923.79)	/ 2 )
	=	294.545	/	3798.2105
	=	7.75 %

Beijing Beimo High Tech Frictional Material Co's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	428.1	/	( ( (4575.915 - 652.125)	+	(4201.166 - 1048.628) )	/ 2 )
	=	428.1	/	( ( 3923.79	+	3152.538 )	/ 2 )
	=	428.1	/	3538.164
	=	12.10 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Beijing Beimo High Tech Frictional Material Co (SZSE:002985) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Beijing Beimo High Tech Frictional Material Co ROCE % Related Terms

Thank you for viewing the detailed overview of Beijing Beimo High Tech Frictional Material Co's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Beijing Beimo High Tech Frictional Material Co (SZSE:002985) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Beijing Beimo High Tech Frictional Material Co Ltd (SZSE:002985) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Shahe Town, Changping District, High-tech Park, Zhengding County, North District, Hebei Province, Beijing, CHN, 102206

Website

http://www.bjgk.com

Beijing Beimo High Tech Frictional Material Co Ltd formerly Beijing Bei Mo Gao Ke Friction Material Co Ltd is engaged in production and sales of high-end equipment and brake products for military and civilian aerospace vehicle landing gear landing systems, tank armored vehicles, high-speed trains and other high-end equipment. The company's products include brake wheels, brake system, aircraft landing gear.

Executives

Zheng Dan	Directors, executives
Chen Jian Feng	Directors, executives
Wang Shu Min	Director
Liu Yang	Directors, executives
Yan Rong Xin	Supervisors
Xia Qing Song	Supervisors
Zhang Qiu Lai	Supervisors
Li Rong Li	Executives

Beijing Beimo High Tech Frictional Material Co (SZSE:002985) Headlines

No Headlines